What is default condition in SAP RE - Real Estate Management?

SAP Term: default condition

• Component: RE

• Component Name: Real Estate Management

• Description: Type of condition that is set in Customizing. If this setting is made the condition is defaulted in the contract, where it can be accepted or not.

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• Key Concepts: 
  Default condition in SAP RE is a set of predefined conditions that are used to determine the rental rate for a property. It is based on the type of property, the location, and other factors. The default condition is used to calculate the rental rate for a property and can be adjusted by the user. 
  
  How to use it: 
  To use the default condition in SAP RE, first select the property type and location. Then enter the relevant information such as size, number of rooms, etc. Once all the information is entered, the system will calculate the rental rate based on the default condition. The user can then adjust the rental rate if needed. 
  
  Tips & Tricks: 
  When setting up a default condition in SAP RE, it is important to consider all relevant factors such as location, size, and amenities. This will ensure that the rental rate is accurate and reflects the true value of the property. Additionally, it is important to review and adjust the default condition periodically to ensure that it remains up-to-date with market conditions. 
  
  Related Information: 
  For more information on setting up default conditions in SAP RE, please refer to SAP Help documentation or contact your local SAP support team.